Why is Polycab India falling/rising?

As of 01-Sep, Polycab India Ltd's stock price is rising, currently at 7,145.55, reflecting an increase of 45.55 (0.64%). The stock has been gaining for the last three days, with a total return of 1.54% during this period. Although it underperformed its sector by 1.91% today, it is trading above all its moving averages, indicating a positive trend. Over the past week, the stock has increased by 1.19%, while it has shown a notable 6.67% rise over the past month. The company has demonstrated strong long-term fundamentals, with healthy growth in net sales and operating profit, alongside a low debt-to-equity ratio. Additionally, high institutional holdings suggest confidence in the company's prospects, contributing to the stock's upward movement. In the broader market context, Polycab India has outperformed the benchmark Sensex in the short term, with a 1.19% gain compared to the Sensex's decline of 1.56% over the past week. While the stock has generated a return of 4.86% over the last year, the Sensex has decreased by 2.43% in the same period, highlighting Polycab's relative strength. Despite the positive performance, the stock is considered expensive with a high price-to-book value, which may pose risks for investors. Nonetheless, the company's strong fundamentals and market position continue to support its rising stock price.